Manipur Budget Session begins

Newmai News Network Imphal | July 20 The Second Session of the Eleventh Manipur Legislative Assembly began today with presentation of Budget Estimates, 2017-18 by the Deputy Chief Minister (in-charge of Finance) Y. Joykumar Singh.   While presenting the Budget Estimates of the Government of Manipur for the year 2017-18, Joykumar Singh said that the government is committed to serve the people of the state with utmost sincerity, dedication and unflinching effort to fulfil the people's aspirations. The Finance Minister further said that in the fiscal policy, the priority of the govt. was to exercise fiscal prudence and maintain financial discipline. The State's own resources comprise about 10% of the total revenue receipts while the rest comes from Central transfers in the form of Grant in aid and State's share in Central Taxes. As compared to last financial year, the total revenue receipts have shown an estimated increase from Rs 9950.15 crore to Rs 11096.25 crore, it was informed.   The annual exercise of budgeting, the Minister added, is designed for optimal and balanced allocation of the resources available taking into account the larger socio-political and economic considerations. For 2017-18, the total receipts is estimated at Rs 12510.61 crore out of which revenue receipts are estimated at Rs 11096.25 crore and Capital receipts at Rs 1414.36 crore. Total estimates of State's own tax and non-tax receipts in the Budget Estimates are Rs 831.86 crore and Rs 245.51 crore respectively. Receipt from State's share in Central Taxes & Duties is estimated at Rs 4168.45 crore. During this fiscal year, it is proposed to have a total expenditure of Rs 12420.65 crore out of the Consolidated Fund of the State. Out of this, Rs 9952.35 crore is under Revenue account and Rs 2468.30 crore under Capital account. Out of the total expenditure, an amount of Rs 961.31 crore is charged expenditure and the remaining amount of Rs 11459.34 crore is voted expenditure.   The Deputy Chief Minister (in-charge of Finance) also moved the motion for Vote on Accounts, 2017-18 for expenditure of the Government of Manipur amounting to Rs 1035,05,43,250.     19 die in natural calamity In today's session, Chief Minister N. Biren Singh gave a statement on natural calamity that occurred in various parts of Manipur. He said that 19 lives have been lost, 268 villages have been affected and 20,000 houses have sunk or damaged due to landslide and flood. About 97 relief camps were opened in the worst affected areas and medical camps were organized to prevent from dreaded diseases. The house observed one minute silence as a mark of respect to those who died due to natural calamity.     ‘Govt has firm stand on protection of territorial integrity’ On the issue of ILP, Chief Minister N. Biren Singh said protection of the indigenous people of the State is the main concern of the government. The government will seek opinions of all stakeholders in this regard. The government has firm stand on protection of territorial integrity of the State, the Chief Minister added.